Diamond S Shipping Inc. , one of the largest publicly listed owners and operators of crude oil and product tankers, today announced results for the first quarter of 2021.
Highlights for the First. | May 10, 2021
Tanker Owner Diamond S Shipping Inc. Reports First Quarter Net Loss of $33.6 Million
Diamond S Shipping Inc., one of the largest publicly listed owners and operators of crude oil and product tankers, yesterday announced results for the first quarter of 2021.
Highlights for the First Quarter and Recent Events
Reported net loss attributable to Diamond S of $33.6 million, or net loss of $0.84 basic and diluted earnings per share, and Adjusted EBITDA (see Non-GAAP Measures section below) of $5.2 million. The reported net loss includes one-time items associated with the entry into the Merger Agreement (as such term is defined herein) of $4.8 million. Excluding the Merger Agreement expenses, the net loss was $28.8 million, or $0.72 per share.